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"My" System

  • #1
  • First Post: Edited May 1, 2006 4:58am Apr 30, 2006 11:46pm | Edited May 1, 2006 4:58am
I have built on the squeeze because I find the momentum based position entry signal is a little flakey. Basically, it's the squeeze with different position entry, and exit rules. What do you guys think? I have the system on my latest post at
  • #2
  • May 1, 2006 1:17am May 1, 2006 1:17am
http://photos1.blogger.com/blogger/6...0/eurchf.0.gif

The minimum indicators needed are squeeze, CCI, and MACD.
For the squeeze, use the defaults from the second posting of the squeeze indicator.
CCI: 50 Period with level lines drawn at -100,100.
Default MACD

Entry Signal: Squeeze turns from red to green.
Position signal: If CCI line crosses down past -100, go short. If CCI line crosses up past 100, go long. This can happen before or after an entry signal is given. When the squeeze turns green. Check the CCI, if it hasn't given you a positin signal yet, check to see what general direction its heading, and check back in a few hours or so. But do not assume that it will cross, wait for it.
Exit Signal: MACD crossover
  • #3
  • May 1, 2006 2:17am May 1, 2006 2:17am
Sounds simple enough. Does this method work for smaller time frame?
  • #4
  • May 1, 2006 2:23am May 1, 2006 2:23am
Quoting nitman
Sounds simple enough. Does this method work for smaller time frame?
I wouldn't use it under 30min charts, but yes, it "works." It basically helps you get into big moves.
  • #5
  • May 1, 2006 10:15pm May 1, 2006 10:15pm
http://110mb.com/ch33z3/squeeze.gif

The squeeze is basically made up of bollinger bands, keltner channels, and a momentum oscillator. Bollinger bands inside of keltner channels would mean less volatility. Usually when that happens, a breakout is likely to happen afterwards in one direction or the other. The standard indicator would let you choose to take up a short, or long position based on the momentum, whereas I base it on the CCI. This indicator is useful, because when your trading in the forex, you're either trading on breaks, or while it channels, if its range is wide enough. This lets you find the breakouts better.
  • #6
  • May 1, 2006 10:33pm May 1, 2006 10:33pm
Actually I use a similiar system on the 15M charts when my time is limited with good results. I use 0 line crossovers and bounces as signals as well though on the 50CCI and look at turns above and below the 200 level with fibonacci for exits (amongst others).

Actually I just finished a basic write-up on the squeeze indicator (http://www.beginnertrader.com/?p=212)

Below is a visual example ... last nights sterling which I closed at +108.

http://img414.imageshack.us/img414/8531/gbpusd7ev.gif
You can quit and they won't care, but you will always know.
  • #7
  • May 1, 2006 11:12pm May 1, 2006 11:12pm
Nice info on the squeeze. BTW, your rainbow MA, is that all in one indicator and what's it used for?
  • #8
  • May 2, 2006 12:40am May 2, 2006 12:40am
Ah that is just a bucket load of moving averages placed on a chart. To be honest it serves no more use than another indicator called the Guppy Multiple Moving Average (GMMA) but it looks prettier so what the hell, I do have stare at this thing for hours on ends at times so might as well make it attractive.

The principle behind multiple moving averages is to give an idea on trend strength. If all the averages are compressed together and mixing up then you are most likely in ranging conditions, if they are spread out in a direction, then you are in a well established trend. It can help in keeping you in the right side of trades, and understanding what the market conditions are if you have different systems for ranging and trending markets.

I am sure I have seen a thread around here somewhere with something like that rainbow template but a search has come up empty sorry.

Best of luck with your system.
You can quit and they won't care, but you will always know.
  • #9
  • May 2, 2006 1:00am May 2, 2006 1:00am
Akuma99

Thanks for your nice article and for sharing your insights on this indicator.
I tried to follow the link (at the end of your article) in order to download squeeze indicator for MT4, but there I couldn't find anything that can be downloaded. I found only thread discussing squeeze and pointing back to the article. I really appreciate, if you can provide any info where I can obtain this indicator for MT4.

thanks.
  • #10
  • May 2, 2006 1:14am May 2, 2006 1:14am
Hmm that's odd ... well to save trouble ill attach it here ... be sure to share any insight you have at another thread here on the topic (http://www.forexfactory.com/forexfor...ead.php?t=4943)

Thanks for the kind words on the article, it was actually drafted quite some time ago before things go busy so it is only the very basics of what I knew then.

Ill hand the thread back to ch33z3 as it is after all his trading journal
Attached File(s)
File Type: mq4 Bollinger Squeeze v4.mq4   4 KB | 1,013 downloads
You can quit and they won't care, but you will always know.
  • #11
  • May 2, 2006 3:17am May 2, 2006 3:17am
Akuma99

thanks a lot for your help. I will test the system on my demo account for GBP/USD first and will back as soon as I have results. I also like to test some historical data.

kind regards
  • #12
  • May 2, 2006 3:29am May 2, 2006 3:29am
Quoting Akuma99
Actually I use a similiar system on the 15M charts when my time is limited with good results. I use 0 line crossovers and bounces as signals as well though on the 50CCI and look at turns above and below the 200 level with fibonacci for exits (amongst others).

Actually I just finished a basic write-up on the squeeze indicator (http://www.beginnertrader.com/?p=212)

Below is a visual example ... last nights sterling which I closed at +108.

http://img414.imageshack.us/img414/8531/gbpusd7ev.gif
Nice chart....what is this system/indicator? Don't mean to change topics, but I was curious.
Capital Preservation is key to long term wealth accumulation
  • #13
  • May 2, 2006 9:49am May 2, 2006 9:49am
Quoting Akuma99
Ill hand the thread back to ch33z3 as it is after all his trading journal
LOL, don't worry, everybody's here to inform everybody right?
  • #14
  • May 2, 2006 9:52am May 2, 2006 9:52am
Quoting MuddBuddha
Nice chart....what is this system/indicator? Don't mean to change topics, but I was curious.
What part are you talking about? The rainbow MA's or the squeeze, or the CCI?
  • #15
  • May 2, 2006 10:31am May 2, 2006 10:31am
If you are talking about the Rainbow MMA .. then all it is is around 88 different moving averages on the one chart. To make it easy for anyone who wants add them to an existing template, I have whipped together 11 indicators that will add them for you (MT4 only allows 8 lines per indicator).
Attached File(s)
File Type: zip RainbowMMA.zip   8 KB | 1,031 downloads
You can quit and they won't care, but you will always know.
  • #16
  • May 2, 2006 12:18pm May 2, 2006 12:18pm
Quoting Akuma99
If you are talking about the Rainbow MMA .. then all it is is around 88 different moving averages on the one chart. To make it easy for anyone who wants add them to an existing template, I have whipped together 11 indicators that will add them for you (MT4 only allows 8 lines per indicator).
Yeah.. for better presentation, I'll add them too... But when my eyes can't take enough of them... Can easily remove them..

Thanks for sharing still..
  • #17
  • May 11, 2006 7:59pm May 11, 2006 7:59pm
Hi,

Where did you get that macd from I am looking for it in metatrader but it just shows a red line and a histogram.

thanks,
traderandreas
  • #18
  • May 11, 2006 9:03pm May 11, 2006 9:03pm
Hello ch33z3 or Akuma99
I am clueless on programming. How can I attach the
Bollinger Squeeze to a chart?
Your help will be greately appreciated.
Senbanda
  • #19
  • May 11, 2006 9:19pm May 11, 2006 9:19pm
Hi senbanda, assuming you have downloaded the indicator and your installation of MT4 is on your C drive, copy the .mq4 to the following folder:

C:/Program Files/Metatrader 4/experts/indicators

Restart MT4, and in the Navigator window (cntrl N), you will see it listed under the "Custom Indicators" section. All that is needed then is to drag it onto your chart and click ok. Hope it helps.
You can quit and they won't care, but you will always know.
  • #20
  • May 11, 2006 10:13pm May 11, 2006 10:13pm
Akuma99
Thank you very much. After reading this thread
I started reading your own thread to understand
how to implement it for trading.
Senbanda
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